CIRRUS LOGIC, INC. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Cirrus Logic reported Q1 FY27 (ended June 27, 2026) revenue of $459.7 million, up 2% QoQ and 13% YoY, with GAAP EPS of $1.47 and non-GAAP EPS of $1.84. For Q2 FY27, the company guided revenue to $510–570 million (up 17% at midpoint), gross margin 52–54%, and non-GAAP operating expenses $140–146 million. The company signed a new wafer supply agreement with GlobalFoundries securing capacity through 2028 and is advancing AI PC codecs, next-gen camera controllers, and new analog front-end components for metrology applications.
Why this rating
Record results and raised FY27 guidance signal strong smartphone demand and PC growth; $459.7M revenue is ~9% of $5B market cap. Strategic wins (AI PCs, new markets) expand TAM but offset by lowered PC expectations. Meaningful but not transformational.
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